FBI Opens OneCoin Claims Portal With June 30 Deadline

The FBI and the DOJ are pushing OneCoin victims to submit compensation claims before June 30. A dedicated online portal is now live for anyone who bought OneCoin packages between 2014 and 2019 and suffered a net financial loss. Filing a claim does not guarantee repayment, the DOJ said. It is a required step for consideration.

OneCoin was not a real cryptocurrency. It was a multi-level marketing operation run out of Bulgaria. Ruja Ignatova, the “Cryptoqueen,” and Karl Sebastian Greenwood sold educational packages that supposedly included mining tokens. They recruited investors through promises of Bitcoin-level returns. The tokens had no value. The mining system was fake.

The DOJ estimates total investor losses at more than $4 billion. That makes OneCoin one of the largest crypto-linked Ponzi schemes on record.

Greenwood was sentenced to 20 years in federal prison in September 2023. Ignatova remains a fugitive. The FBI is offering up to $5 million for information leading to her arrest.

Victims who believe they qualify should file before June 30. The DOJ said late submissions will not be considered during the current review process.